BTC is likely to retest the $ 54,500 zone. But it may set up a new ATH soon.
Caution: This is not financial advice. Trade carefully. Always limit your leverage and use tight stop loss.
I think there is a possibility that BTC can retest the old ATH, if it can successfully break through, it can reach the price range of $ 71,400 - $ 72,900.
However, BTC first needs to handle a critical resistance zone of $ 55,500. If BTC fails to break out, it will most likely return to retest the support zones of $ 53,800, $ 52,500, and $ 50,500 in turn.
In case...